21 sats \ 1 reply \ @OT 3h \ parent \ on: It's time to pull our own weight in hash bitcoin
Its usually better just to buy Bitcoin.
Your electricity bill is 3-5x these mining farms. The latest models are like $5-6k and use a lot of electricity. You can't really compete like that.
You CAN encourage more bitcoiners to get a little hash going that doesn't cost them too much. As well as buy and hole as much as you can so more of the supply is in good hands.
…but that’s my whole point. If the network is secured by someone who’s an “adversary*” of the network, I would want to be holding as LITTLE as possible in that system, right? The investment in a miner is not to profit as a miner. It’s to secure my stash.
*the term this ASIC distributer used concerning miners’ relationship to bitcoiners
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